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derivation funds

₦1.54 trillion shared: oil-producing states and derivation payments in 2025

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Nigeria paid a total of ₦1.54 trillion in oil and gas derivation funds to mineral-producing states in 2025, according to FAAC data compiled by TheCableIndex. The distribution highlights how heavily Nigeria’s fiscal system still leans on a handful of oil-producing states. Here’s a ranked breakdown of who received what. 1. Delta – ₦472.45 billion Delta […]

FG should stop paying states derivation funds -Bishop Emuh

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The National Chairman of the Host Communities producing Oil and Gas (HOSTCOM), Bishop Mike Emuh, has urged the Federal Government to henceforth give express orders to the Revenue Mobilisation and Fiscal Committee to release the 13 percent derivation fund to his organization instead of what presently obtains whereby the state governments collect the money. Speaking […]